NEW DELHI: The Joint Committee of Parliament examining the Insolvency and Bankruptcy Code, which seeks to provide an easy exit option for insolvent and sick companies, was today given an extension till the begining of the second part of the budget session to present its report.
A motion in this regard was moved by B Mahtab ( BJD) which was passed by a voice vote.
“That this House do extend time for presentation of the report of the Joint Committee on the Insolvency and Bankruptcy Code, 2015 up to the last day of the first week of second part of the budget session, 2016,” read the motion.
Both Houses will go for a recess on March 16 and meet again on April 25.
During the winter session in December last, the bill was referred to a 30-…
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